Boston Physicians Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The charge for the basic physical is $105, while the charge for the extended physical is $130. Boston Physicians expects to perform 205 basic physicals and 165 extended physicals in July, 260 basic and 210 extended in August, and 105 basic and 75 extended in September. Prepare the sales budget for the service revenue expected from the physical exams performed for the second quarter (July through September), with a column for each month and for the quarter in total Complete the sales budget one step at a time. Boston Physicians Sports Medicine, Inc. Service Revenue Budget For the Months of July through September July August Number of exams performed (basic) Multiply by: Price per exam Service revenue (basic) September Quarter Number of exams performed (extended) Multiply by: Price per exam Service revenue (extended) Total service revenue Stately Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: Click the icon to view the data.) How much cash will be paid out next month? Stately Corporation Cash Payments Budget Cash payments for direct materials: 45% of last month's purchases 55% of next month's purchases Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes Total cash payments More Info a. Stately Corporation pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $70,000, while the company anticipates $83,000 of direct material purchases next month. b. Direct labor for the upcoming month is budgeted to be $37,000 and will be paid at the end of the upcoming month. c. Manufacturing overhead is estimated to be 150% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $15,000 of depreciation on the plant and equipment d. Monthly operating expenses for next month are expected to be $48,000, which includes $2.200 of depreciation on office equipment and $1,200 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. e. Stately Corporation will be making an estimated tax payment of $7.400 next month. Print Done